Some public sector banks, including State Bank of India (SBI), Union Bank of India, Canara Bank, and Bank of India, are increasing the spread on home loans for new customers to protect margins.
Radico Khaitan is the maker of award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin. Besides, it owns IMFL brands as 8 PM Whisky and Magic Moments Vodka.
'Indian single malts have a very specific character.' 'They are sweet when you take a frontal palette approach and change significantly with the addition of water.'
Within hours of RBI slashing the Cash Reserve Ratio (CRR) by 0.25 per cent, State Bank (SBI) on Tuesday hinted at a likely reduction in lending rates soon.
When costs go down, interest rates will go down, says managing director and CEO Aditya Puri.
The lender, however, is not likely to reduce its base rate to which all loan rates are linked.
The Reserve Bank on Monday asked banks to notify the base rate, or the minimum lending rate, at least once in every three months.
Last month, India's AlcoBev industry pulled off a successful two-day showcase exhibition at the Hotel Renaissance in Powai. We got experts to show readers how they can create some mind-boggling cocktail concoctions, so watch and learn.
Country's largest lender State Bank of India might continue with eight per cent concessional home loan rate even after September, a top official of the bank said.
The report was in the context of an objection by the US against India's practice of imposing countervailing duty and SAD on alcoholic beverages. Trade experts said though the trade dispute body ruled in favour of the US, it did not mean much for India as it had withdrawn the CVD on alcoholic spirits in mid-2007.
In a move that may set the tone for other players, State Bank of India, the country's largest lender, has decided against raising interest rates for the time being. The decision was taken at a meeting of the assets-liability committee on Saturday.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
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The Securities and Exchange Board of India, in a consent order dated June 28, has settled charges of takeover norms violation by the Tinplate Company of India Ltd after it paid Rs 228,000.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Your opportunity to earn higher interest by keeping more than Rs 1,00,000 in your savings bank account might soon be limited.
'The overall stress on asset quality is indeed coming down.'
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